Why would one appoint a Kensington conveyancing company when internet based conveyancers are less expensive?
Its a good idea to shop around for conveyancing costs in Kensington and you should seek an affordable quote but don’t be focused with sourcing the lowest priced Kensington conveyancer. Locating the right conveyancer can mark the distinction between a seamless and a stressful house move. It is important that you ensure that you have expert guidance from a trusted lawyer. An e-mail can never replace a telephone discussion and can never replicate a face to face consultation. Our partner firms will find you a qualified and top rated conveyancing solicitor who can deal with your conveyancing from start to finish, providing a level of hand holding that you will never get with an internet conveyancer. Our lawyers will update you as to headway making sure that you are regularly updated. If you ever need to contact the office you will be sure who you need to speak to and we'll be sure you're not left wondering what's going on.
My fiance and I are refinancing our flat in Kensington with Nationwide. We have a son approaching twenty who lives with us. Our solicitor has asked us to disclose anyone over the age of 17 other than ourselves who reside at the property. The solicitor has now sent a form for our son to sign, giving up any rights in the event that the apartment is forfeited by the lender. I have two concerns (1) Is this document specific to the Nationwide conveyancing panel as he never had to sign this form when we purchased 5 years ago (2) In signing this form is our son in any way compromising his right to inherit the property?
On the face of it your lawyer has done nothing wrong as it is established procedure for any occupier who is aged 17 or over to sign the necessary Consent Form, which is purely to state that any rights he has in the property are postponed and secondary to Nationwide. This is solely used to protect Nationwide if the property were re-possessed so that in such circumstances, your son would be legally obliged to leave. It does not impact your son’s right to inherit the apartment. Please note that if your son were to inherit and the mortgage in favour of Nationwide had not been discharged, he would be liable to take over the loan or pay it off, but other than that, there is nothing stopping him from keeping the property in accordance with your will or the rules of intestacy.
I had a mortgage agreed in principle with Yorkshire BS. Kensington conveyancing lawyers were chosen. How long does it take for Yorkshire BS to forward the offer to the conveyancing practitioner?
There is no definitive answer here. Have Yorkshire BS done the valuation? Have you advised Yorkshire BS as to your lawyers' details and checked that your lawyers are on the Yorkshire BS conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
I am purchasing a property in Kensington. One unusual aspect is that the roof has a solar panel. Leeds Building Society have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
Given that you are obtaining a mortgage with Leeds Building Society your lawyer must check the conveyancing instructions contained in Part two of UK Finance Lenders’ Handbook for Leeds Building Society. The Council of Mortgage Lenders’ Handbook stipulates minimum conditions for solar panel roof-space leases, and conveyancers are required to report to Leeds Building Society where a lease fails to satisfy these requirements. The provisions relate to the installation of panels on properties countrywide and is not restricted to Kensington.
The mortgage over my property is with Kent Reliance for my property in Kensington. Conveyancing has been completed some time ago. If I am intending to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Kent Reliance?
You must advise Kent Reliance before renting your property as this is likely to be a breach of Kent Reliance’s mortgage conditions. In many cases banks or building societies will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Kent Reliance directly. You need not do this via a Kent Reliance conveyancing panel firm.
Is it necessary to take out insurance to cover chancel repairs when buying a house in Kensington?
Unless a prior purchase of the house completed post 12 October 2013 you can take it that lawyers conducting conveyancing in Kensington to remain encouraging a chancel search and or chancel repair liability policy.
I would like to sublet my leasehold apartment in Kensington. Conveyancing solicitor who did the purchase is retired - so can't ask her. Do I need to ask my freeholder for their consent?
A small minority of properties in Kensington do contain a provision to say that subletting is only allowed with permission. The landlord cannot unreasonably withhold but, in such cases, they would need to see references. Experience dictates that problems are usually caused by unsatisfactory tenants rather than owner-occupiers and for that reason you can expect the freeholder to take up the references and consider them carefully before granting permission.
I have tried to negotiate informally with with my landlord to extend my lease without getting anywhere. Can one make an application to the Leasehold Valuation Tribunal? Can you recommend a Kensington conveyancing firm to represent me?
Most definitely. We are happy to put you in touch with a Kensington conveyancing firm who can help.
An example of a Lease Extension case for a Kensington residence is 93 Oakwood Court in June 2010. the LVT determined that the premium to be paid for the new lease was £492,083, This case affected 1 flat. The unexpired term was 37.79 years.
Our estate agent has recommended their lawyer for our conveyancing in Kensington - Surely it’s easier to just use them?
This is not necessarily the case and you are free to use whichever lawyer you prefer for your Kensington conveyancing. A conveyancing practitioner put forward by an estate agent may not necessarily be the right solicitor, they may recommend their own conveyancing firm who are based remotely. In this instance you may not have contact with your conveyancing practitioner and due to the lack of continuity in the transaction, it may be difficult to obtain progress reports.